historical cost

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Historical cost

Describes the accounting cost carried in the books and reflecting the cost of the item at the time it was purchased, rather than its current value.

Historical Cost

In the Generally Accepted Accounting Principles, the original cost of an asset on a balance sheet. Many assets, particularly illiquid assets, are recorded on a balance sheet according to their historical cost. A notable exception to this rule is the recording of marketable securities, which are recorded according to their market value. The historical cost usually bears little or no relationship to the market value after an asset has been held for several years.

historical cost

The amount of money that was originally used to pay for an asset. A company records assets on a balance sheet at historical cost, which often bears little relation to the market value of the assets after they have been owned several years. Also called original cost.
References in periodicals archive ?
com decided to go all the way by combing the best features of favorite comparison, coupon, and historical websites into one awesome service that gives the user historical prices, on the lowest prices, on all their favorite things.
For proof of historical prices, get back issues of Auto Express and Autocar from 2000, where you will find plenty of advertised import prices.
understand the potential electrical market in your geographic area - Characteristics that affect the pricing of electricity include season weather patterns, the size of the electric generating capacity reserve margin, historical prices and the attitude of the regulatory bodies;

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